I wonder if there is a trader out there who only sticks to one timeframe to carry out their trades, To get a clearer picture of the market, One must do a multi-timeframe analysis of the market or a top-down analysis, which is simply starting from the monthly, or weekly, daily and the rest of other timeframes to execute trades. We use monthly, weekly, and daily timeframes to determine the market direction while H4 and below are the best timeframes for entries.
Oh yeah, even if I am not doing the trading on regular basis then also I know the fact that you have to have clear picture of lengthy timeline. On one front past timelines can tell you how things were for the projected timeline and during the various events that might have happened. For example it can give clear idea if Bitcoin stood its resistance when FTX collapse was happening or if China declared no bitcoin country etc etc. This is just example but such analysis can be done easily. On the other front it is easy to understand the pattern of specific coin, it’s volume, it’s growth and declining nature etc. This is the reason multiple time frames should be done.